Press release
Load Balancer Market 2022 : Size, Trends, Growth, Insights And Forecast Report 2031 | A10 Networks, Kemp Technologies, Nginx, HAProxy, Varnish Software
Load Balancer Market Trends
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The global load balancer market report by the business research company identifies the rising adoption of connected devices is expected to be a major growth driver for the load balancer market. Connected devices are physical things that can communicate with one another and other systems over the internet. Connected device use has been growing due to the convenience they offer to the users. These devices are connected to the internet and load balancers analyze incoming requests and divert them to the relevant servers. For instance, according to State of IoT-Spring 2022 report by IoT Analytics, a Germany-based provider of market insights and strategic business intelligence for the IoT, the global IoT connections number grew by 8% in 2021 to 12.2 billion active endpoints, which is expected to grow 18% to 14.4 billion active connections in 2022. The number is expected to be around approximately 27 billion connected IoT devices by 2025. Further, according to ITPro, a US-based technology newspaper, in 2020, about 38% of Americans added more internet-connected devices to their homes during the pandemic which is only 25% in 2019. Therefore, the rising adoption of connected devices is expected to propel the growth of the load balancer market going forward.
The global load balancer market is expected to grow from $4.29 billion in 2021 to $4.93 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The load balancer market is expected to grow to $8.35 billion in 2026 at a compound annual growth rate (CAGR) of 14.1%.
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North America was the largest region in the load balancer market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the load balancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the load balancer market are A10 Networks, Kemp Technologies, Hewlett-Packard Development Company, Inlab Networks GmbH, Nginx, Azure Traffic Manage, HAProxy, Varnish Software, Amazon Web Services Inc, Loadbalancerorg, Traefik, Cisco Systems Inc, Cloudflare Inc, Radware and Palo Alto Networks.
The global load balancer market is segmented -
1) By Type: Local Load Balancer, Global Load Balancer
2) By Component: Hardware, Software, Services
3) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
4) By Deployment: On-Premise, Cloud
5) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Government, Manufacturing, Media And Entertainment, Healthcare, Other Industries
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The Load Balancer Market Report Contents Include
1. Executive Summary
2. Load Balancer Market Characteristics
3. Load Balancer Market Trends And Strategies
4. Load Balancer Market - Macro Economic Scenario
5. Load Balancer Market Size And Growth
....
26. Africa Load Balancer Market
27. Load Balancer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Load Balancer Market
29. Load Balancer Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the load balancer market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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